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Fission Uranium Corp.
Summary
| Project: | Patterson Lake South (PLS) | |
|---|---|---|
| Deposit: | Triple R | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 1/9/2015 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 9-1-2015: Fission Uranium Corp. announces a Resource Estimation report for its Triple R deposit at the Patterson Lake South (PLS) project. Initial statement of Indicated and Inferred Resources. Roscoe Postle Associates Inc. (RPA) was retained by Fission U | |
| Resources: | (Resource): 2.29Mt @ 1.58% U3O8 (Ind.) and 0.90Mt @ 1.30% U3O8 (Inf.) | |
| CP/QP: | [Resources]: David A. Ross (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Fission Uranium Corp. (Fission Uranium) to prepare an independent Technical Report on the Patterson Lake South Property (the PLS Property or the Property), located in northern Saskatchewan, Canada. The purpose of this report is to support the disclosure of the initial Mineral Resource estimate for the Triple R deposit. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the Property from March 17 to 19 and from September 7 to 9, 2014. The Property consists of 17 contiguous mineral claims totalling 31,039 ha located approximately 550 km north-northwest of the city of Prince Albert and approximately 150 km north of the community of La Loche, Saskatchewan. The Property is accessible by vehicle along all-weather Highway 955 which bisects the Property in a north-south direction. In March 2013, Fission Energy Corp. (Fission Energy) entered into an agreement whereby Denison Mines Corp. (Denison) acquired all of the issued and outstanding shares of Fission Energy. Pursuant to this agreement, Fission Energy spun out certain of its assets, including its 50% interest in the Property, into a new publicly traded company, Fission Uranium. Subsequently, Fission Uranium acquired its joint venture partner, Alpha Minerals Inc., and now holds a 100% interest in the Property. | |
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